NEO/BTC - NEO: Trend_Reversal

Updated
◳◱ An intriguing development has unfolded on the NEO / BTC chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 0.0002543 | 0.000269 | 0.0002976 and the significant support levels found at 0.0002257 | 0.0002118 | 0.0001832. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 0.0002588, allowing us to take advantage of the projected trend continuation.
Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies.

◰◲ General info:
▣ Name: NEO
▣ Rank: 69
▣ Exchanges: Binance, Kucoin, Huobipro, Mexc, Bittrex, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: NEO aims to build a comprehensive "smart economy" by incorporating digital assets, digital identities, and smart contracts.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.0002588 ₿
▣ 24HVol: 20.422 ₿
▣ 24H Chng: 13.658%
▣ 7-Days Chng: 29.66%
▣ 1-Month Chng: 22.59%
▣ 3-Months Chng: -0.30%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.0002543 | 0.000269 | 0.0002976
◢ Support: 0.0002257 | 0.0002118 | 0.0001832

◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY

◰◲ Technical Indicators Summary: BUY

◲◰ Sharpe Ratios:
▣ Last 30D: -21.31
▣ Last 90D: -17.98
▣ Last 1-Y: -17.67
▣ Last 3-Y: -17.14
◲◰ Volatility:
▣ Last 30D: 0.30
▣ Last 90D: 0.44
▣ Last 1-Y: 0.61
▣ Last 3-Y: 0.87

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.64 - Bullish

▣ In-depth NEOBTC technical analysis on Tradingview TA page

snapshot

▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!

◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.

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Trade active
Binance, Bittrex, KuCoin, OKX
#NEO/BTC Take-Profit target 1 ✅
Profit: 3.4749% 📈
Period: 16 Hours 11 Minutes ⏰

#NEO/BTC Take-Profit target 2 ✅
Profit: 5.4402% 📈
Period: 21 Hours 8 Minutes ⏰
Chart PatternscryptocurrenciescryptotradingTechnical IndicatorsNEONEOBTCNEOBTCLONGtechnical_analysistradingsignalsTrend Analysis

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